04:56 PM EDT, 04/09/2024 (MT Newswires) -- Diamondback Energy ( FANG ) said late Tuesday it priced an offering of $850 million of 5.2% notes maturing in April 2027, $850 million of 5.15% notes maturing in January 2030, $1.3 billion of 5.4% notes maturing in April 2034, $1.5 billion of 5.75% notes maturing in April 2054 and $1 billion of 5.9% notes maturing in April 2064.

The company said the price is 99.956% of the principal amount for the 2027 notes, 99.83% of the principal amount for the 2030 notes, 99.679% of the principal amount for the 2034 notes, 99.957% of the principal amount for the 2054 notes and 99.954% of the principal amount for the 2064 notes.

Net proceeds will be used for general corporate purposes, including paying part of the planned acquisition of Endeavor and repaying some Endeavor debt, Diamondback said.

The offerings are expected to close April 18.

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